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Trend of Tokenization Series: Blueshares to come up

Before moving on to the core part of this write-up, let’s us just quickly glance at the characteristics of Security Tokens that resembles the conventional financial instruments, like, shares, debentures or units in a collective investment scheme.

Security tokens are identified to be scrutinized by the regulatory perimeter of the FCA as their classification meets the definition of “specified investments” per the state’s Regulated Activities Order and/or “Financial Instruments” regulated by the Markets in Financial Instruments Directive II. “Tokens can be considered transferable securities under MiFID as well as Specified Investments under the RAO.”

Blueshares comes up with a jaw-dropping event of security token offering (STO), divulging their perspective to investors with a seamless and swift method of owning securities of the reputed companies with robust experience.

The predominant functionalities of the project include:

Whitelisting: Onboarding and pre-approving of investors with respect to KYC/AML regulatory compliance in partnership with Geneva-based Altcoinomy. 

Linking 300 Million BST tokens to 300 Million Interprom Mining AG equity capital participation shares. 

Intending to conduct the BST security token offering.  P2P and wallet to wallet transfers of Blueshares among all shareholders would be enabled.

Blueshares represent tokenized traditional equity participation shares of Interprom Mining AG. The latter, incorporated in Switzerland is the majority owner of Interprom EOOD, a leading construction and mining company with 23 years of experience, holding a 90% stake. Both ventures have collaborated into a Group controlled by Interprom Mining AG. 

Very recently, Societe Generale SFH, which is a subsidiary of one of Europe's largest financial services groups, Societe Generale Group, has issued a 100 million euro ($112 million) bond as a security token on the Ethereum (ETH) blockchain.

Currency Strength Index:FxWirePro's hourly BTC spot index is flashing at 160 levels (which is highly bullish), while hourly USD spot index was at 91 (bullish) while articulating at (08:01 GMT).

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex

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